-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SIyj1T3ARd7IvKRaX6j2wSZ0vmiA6ml1qClzn0zjDd5OgTl4koSQPdnKAofG7jF+ usbyNAQEY6v1aBEnWI+Trg== 0001105607-06-000263.txt : 20060828 0001105607-06-000263.hdr.sgml : 20060828 20060828150517 ACCESSION NUMBER: 0001105607-06-000263 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060828 DATE AS OF CHANGE: 20060828 EFFECTIVENESS DATE: 20060828 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IVY FUNDS CENTRAL INDEX KEY: 0000052858 IRS NUMBER: 046006759 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-17613 FILM NUMBER: 061058425 BUSINESS ADDRESS: STREET 1: 6300 LAMAR AVENUE STREET 2: P. O. BOX 29217 CITY: OVERLAND PARK STATE: KS ZIP: 66202 BUSINESS PHONE: 913-236-2000 MAIL ADDRESS: STREET 1: P. O. BOX 29217 CITY: SHAWNEE MISSION STATE: KS ZIP: 66201-9217 FORMER COMPANY: FORMER CONFORMED NAME: IVY FUND DATE OF NAME CHANGE: 19920703

0000052858 S000006359 Ivy Cash Reserves Fund

C000017485 Class A IVMXX

C000017486 Class B IVBXX

C000017487 Class C IVCXX

497 1 ivycr8-28_06.htm STICKER

IVY CASH RESERVES FUND

Supplement dated August 28, 2006

to the

Prospectus dated July 31, 2006

At a meeting held on August 16, 2006, the Board of Trustees of Ivy Funds unanimously approved the closing and liquidation of Ivy Cash Reserves Fund. Complete liquidation is expected to occur on or after September 28, 2006. A check for the total of liquidation proceeds and accrued but unpaid dividends will be sent to the address of record for each shareholder account. Shareholders may exchange their shares for shares of the same class of any other fund within the Ivy Family of Funds. Class A exchanges are subject to any sales charge applicable to the Fund being exchanged into, unless the Ivy Cash Reserves Fund shares were previously acquired by an exchange from Class A shares of another Ivy Fund for which a sales charge was paid.

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